Dambisa Moyo
Economist
1969-02-02
Books by Dambisa Moyo
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Dead aid
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Edge of chaos
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Quotes by Dambisa Moyo
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In a perfect world what poor countries at the lowest rungs of economic development need is not a multi-party democracy, but in fact a decisive benevolent dictator to push through the reforms required to get the economy moving
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In a perfect world what poor countries at the lowest rungs of economic development need is not a multi-party democracy, but in fact a decisive benevolent dictator to push through the reforms required to get the economy moving
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A constant stream of 'free' money is a perfect way to keep an inefficient or simply bad government in power. As aid flows in, there is nothing more for the government to do - it doesn't need to raise taxes, and as long as it pays the army, it doesn't have to take account of its disgruntled citizens.
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Many Africans succumb to the idea that they can't do things because of what society says. Images of Africa are negative - war, corruption, poverty. We need to be proud of our culture.
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The notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world.
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There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.
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I was initially very interested in public policy, but then after my masters at Harvard, I felt that it was important to get a better handle on the economics of it as well. I did my Ph.D. in macroeconomics, and my thesis - 'Why Is It That Some Countries Save And Others Not?' - was on savings.
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I don't think my background in Zambia has really affected my lens because my classical training has been Western-style. But it's fantastically fortuitous to have been born African because I don't feel I have a vested interest to the U.S. or China or wherever.
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The World Bank can only survive if it's spending money.
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